What rules should Indians looking to buy property in Dubai know?

An Indian resident can remit up to $250,000 (approximately ₹2.3 crore) per financial year under RBI's Liberalised Remittance Scheme (LRS) to purchase property in Dubai, CNBCTV18 reported. This is only available for individuals and not corporates, partnership firms, or HUFs, according to RBI guidelines. An expert said that funds routed through LRS must be handled via an authorised dealer bank.